Zhang Yiming is currently worth $49.3 billion (£38 billion), 43% more than he was in 2023, according to a rich list created by the Hurun Research Institute.
Although the 41-year-old resigned as the company’s CEO in 2021, it is believed that he still owns about 20% of the business.
Despite serious worries about its connections to the Chinese government in some nations, TikTok has grown to become one of the most widely used social media apps worldwide.
The US plans to prohibit TikTok in January 2025 unless ByteDance sells it, despite the fact that both businesses maintain that they are not influenced by the Chinese government.
Zhang Yiming’s personal wealth surged last year as ByteDance’s worldwide profit rose by 60% in spite of the extreme pressure it was under in the US.
Hurun Rupert Hoogewerf’s head stated, “Zhang Yiming is the 18th new Number One we have had in China in just 26 years.”
